Stoosh's Mega Man outfit here cost around $US50 ($66) and is made mostly from EVA Foam. It is also the best Mega Man cosplay I have ever seen.
Based on some art he found online then modified to look more like the Blue Bomber, it's exactly what I'd want from a new Mega Man if I dared trust Capcom to do the character justice.
Which I don't. So let's just look at this cosplay, squint a bit and dream.
You can see more of Stoosh's cosplay at his Facebook page.